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Al Mazaya Delivers 800 Units at Lake Jumeriah

DUBAI - Al Mazaya Holding has handed over 800 residential units at the Icon 1 and Icon 2 projects, located at Lake Jumeriah, to their owners.

As the Dubai market prepares to receive 70,000 residential units during 2009 and 2010, Al Mazaya has worked extremely hard to ensure delivery of these properties to their owners early in 2009, with the delivery of other projects expected during the coming two years.

With more than 120 residential towers underway, Icon 1 and Icon 2 are the first projects to be sold out completely at Lake Jumeriah. The two residential towers consist of 400 units, with differences in area size and internal design, each. A distinctive feature of the towers is the views over Jumeirah Lake on one side and Jumeriah Islands on the other.

Said Eng. Fathi Dhamiri, SVP Projects, Mazaya Dubai: “Despite the difficulties and challenges we faced during the development of the Icon Towers’, we overcame all obstacles and finished the project according to the scheduled time. The Icon Towers’ were able to meet all residential expectations. Al Mazaya is also developing 3 commercial towers, called Business Avenue, for the business sector in the same area. Business Avenue is 50 per cent complete, with handover due to take place towards the end of 2010.”

· business@khaleejtimes.com